Recent News
J.B. Hunt announced approval for a dual listing on Nasdaq Texas with trading expected to begin March 6, 2026, while maintaining its primary Nasdaq Global Select Market listing. The company also declared a quarterly cash dividend increase announced January 22, 2026 and paid February 20, 2026. An analyst at ISI raised the company’s price target in early April 2026, citing sector rebound expectations.
Technical Analysis
Directional indicators (ADX/DI+/DI-): ADX registers 19.73, indicating no established trend; DI+ equals 23.8 and shows an increasing trend while DI- equals 23.77 and trends downward. This pattern signals nascent bullish directional bias but lacking trend strength, so momentum must confirm for sustained upside.
MACD: MACD stands at 1.27 with an increasing trend and sits above the signal line (-0.98), which represents a bullish momentum crossover and supports near-term upside potential versus valuation pressure.
MRO: MRO reads 17.04 and trends upward; the positive value implies price currently sits above the model target and carries a higher probability of a downward reversion if momentum stalls, creating short-term pullback risk despite other bullish signals.
RSI and momentum breadth: RSI at 56.39 and rising indicates mild bullish momentum without overbought stress, consistent with price trading above short- and long-term averages (price close $225.22 > 20-day $211.33, 50-day $216.47, 200-day $175.86).
Price structure and support: Price exceeds the 12- and 26-day EMAs and sits inside the upper Bollinger band region (upper 1x SD $220.19, upper 2x SD $229.05), reflecting recent strength. A short-term technical anchor sits near the super trend lower at $209.59 and ichimoku Kijun-sen $214.97; volume at 813,080 slightly above the 10-day average corroborates renewed intraday interest.
Fundamental Analysis
Profitability: EBIT equals $250,706,000 and EBIT margin at 8.10% marginally exceeds the industry peer mean of 7.954% and the industry peer median of 7.161%, indicating operating efficiency roughly in line with peers. Operating margin stands at 7.959% with year-over-year improvement of 16.821%.
Revenue and earnings dynamics: Total revenue equals $3,096,626,000. Reported revenue growth (latest) 1.432%, revenue growth QoQ -66.377%, and revenue growth YoY -43.799%, which show significant recent quarter-to-quarter and year-over-year contraction despite a small overall growth figure. EPS came in at $1.90 versus an estimate of $1.82, producing an earnings surprise of +4.40% (EPS surprise ratio 4.396%).
Cash flow and leverage: Operating cash flow equals $385,598,000 and free cash flow equals $251,274,000, delivering a free cash flow yield of 1.45%. Net debt totals $1,449,513,000 with debt-to-equity at 0.411 (41.1%) and debt-to-EBITDA 3.41, while interest coverage near 14.37x signals ample capacity to service debt.
Liquidity and returns: Current ratio 0.83 and quick ratio 0.81 fall below the industry peer mean current ratio of 1.289 and quick ratio mean of 1.199, indicating tighter near-term liquidity relative to peers. Return on equity measures 5.08%, below the industry peer mean of 6.77%.
Valuation context: WMDST values the stock as over-valued. Market multiples show a trailing PE of 96.36x, forward PE of 80.17x, price-to-book 4.86x (below the industry peer mean P/B of 5.18x), enterprise multiple about 43.66x, and enterprise value roughly $18.77B. These multiples, paired with a low free cash flow yield, align with the WMDST over-valued assessment despite above-mean EBIT margin.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-01-15 |
| NEXT REPORT DATE: | 2026-04-16 |
| CASH FLOW | Begin Period Cash Flow | $ 52.3 M |
| Operating Cash Flow | $ 385.6 M | |
| Capital Expenditures | $ -134.32 M | |
| Change In Working Capital | $ 16.8 M | |
| Dividends Paid | $ -41.89 M | |
| Cash Flow Delta | $ -35.01 M | |
| End Period Cash Flow | $ 17.3 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 3.1 B | |
| Forward Revenue | $ 890.5 M | |
| COSTS | ||
| Cost Of Revenue | $ 2.7 B | |
| Depreciation | $ 179.2 M | |
| Depreciation and Amortization | $ 179.2 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 2.9 B | |
| PROFITABILITY | ||
| Gross Profit | $ 423.2 M | |
| EBITDA | $ 429.9 M | |
| EBIT | $ 250.7 M | |
| Operating Income | $ 246.5 M | |
| Interest Income | $ 4.2 M | |
| Interest Expense | $ 17.5 M | |
| Net Interest Income | $ -13.20 M | |
| Income Before Tax | $ 233.3 M | |
| Tax Provision | $ 52.2 M | |
| Tax Rate | 22.373 % | |
| Net Income | $ 181.1 M | |
| Net Income From Continuing Operations | $ 181.1 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.82 | |
| EPS Actual | $ 1.90 | |
| EPS Difference | $ 0.08 | |
| EPS Surprise | 4.396 % | |
| Forward EPS | $ 2.20 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 7.9 B | |
| Intangible Assets | $ 210.4 M | |
| Net Tangible Assets | $ 3.4 B | |
| Total Current Assets | $ 1.6 B | |
| Cash and Short-Term Investments | $ 17.3 M | |
| Cash | $ 17.3 M | |
| Net Receivables | $ 1.2 B | |
| Inventory | $ 42.2 M | |
| Long-Term Investments | $ 574.5 M | |
| LIABILITIES | ||
| Accounts Payable | $ 655.6 M | |
| Short-Term Debt | $ 699.9 M | |
| Total Current Liabilities | $ 1.9 B | |
| Net Debt | $ 1.4 B | |
| Total Debt | $ 1.5 B | |
| Total Liabilities | $ 4.4 B | |
| EQUITY | ||
| Total Equity | $ 3.6 B | |
| Retained Earnings | $ 7.8 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 37.69 | |
| Shares Outstanding | 94.595 M | |
| Revenue Per-Share | $ 32.74 | |
| VALUATION | Market Capitalization | $ 17.3 B |
| Enterprise Value | $ 18.8 B | |
| Enterprise Multiple | 43.658 | |
| Enterprise Multiple QoQ | 23.453 % | |
| Enterprise Multiple YoY | 0.385 % | |
| Enterprise Multiple IPRWA | high: 115.89 mean: 46.872 JBHT: 43.658 median: 34.234 low: -35.353 |
|
| EV/R | 6.061 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.224 | |
| Asset To Liability | 1.817 | |
| Debt To Capital | 0.291 | |
| Debt To Assets | 0.185 | |
| Debt To Assets QoQ | -6.347 % | |
| Debt To Assets YoY | 207.614 % | |
| Debt To Assets IPRWA | high: 0.794 median: 0.391 mean: 0.372 JBHT: 0.185 low: 0.033 |
|
| Debt To Equity | 0.411 | |
| Debt To Equity QoQ | -8.257 % | |
| Debt To Equity YoY | 230.333 % | |
| Debt To Equity IPRWA | high: 2.844 median: 1.762 mean: 1.44 JBHT: 0.411 low: 0.043 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 4.858 | |
| Price To Book QoQ | 29.822 % | |
| Price To Book YoY | 9.526 % | |
| Price To Book IPRWA | high: 10.221 median: 5.223 mean: 5.178 JBHT: 4.858 low: 0.232 |
|
| Price To Earnings (P/E) | 96.363 | |
| Price To Earnings QoQ | 20.819 % | |
| Price To Earnings YoY | -16.741 % | |
| Price To Earnings IPRWA | high: 219.55 JBHT: 96.363 mean: 73.301 median: 41.949 low: -140.344 |
|
| PE/G Ratio | 12.114 | |
| Price To Sales (P/S) | 5.593 | |
| Price To Sales QoQ | 27.746 % | |
| Price To Sales YoY | -1.174 % | |
| Price To Sales IPRWA | high: 17.053 JBHT: 5.593 mean: 3.935 median: 3.462 low: 0.815 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 80.171 | |
| Forward PE/G | 10.078 | |
| Forward P/S | 19.369 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 2.316 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.386 | |
| Asset Turnover Ratio QoQ | 3.419 % | |
| Asset Turnover Ratio YoY | 2.123 % | |
| Asset Turnover Ratio IPRWA | high: 0.761 JBHT: 0.386 mean: 0.372 median: 0.339 low: 0.008 |
|
| Receivables Turnover | 2.589 | |
| Receivables Turnover Ratio QoQ | 2.357 % | |
| Receivables Turnover Ratio YoY | 2.344 % | |
| Receivables Turnover Ratio IPRWA | JBHT: 2.589 high: 2.495 mean: 1.99 median: 1.983 low: 1.171 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 35.239 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -9.351 | |
| CapEx To Revenue | -0.043 | |
| CapEx To Depreciation | -0.75 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 4.3 B | |
| Net Invested Capital | $ 5.0 B | |
| Invested Capital | $ 5.0 B | |
| Net Tangible Assets | $ 3.4 B | |
| Net Working Capital | $ -331.15 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.009 | |
| Current Ratio | 0.829 | |
| Current Ratio QoQ | -4.423 % | |
| Current Ratio YoY | -21.461 % | |
| Current Ratio IPRWA | high: 2.155 mean: 1.289 median: 1.219 low: 0.849 JBHT: 0.829 |
|
| Quick Ratio | 0.807 | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | -21.685 % | |
| Quick Ratio IPRWA | high: 21.528 mean: 1.199 median: 1.172 JBHT: 0.807 low: 0.57 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 3.412 | |
| Cost Of Debt | 0.818 % | |
| Interest Coverage Ratio | 14.365 | |
| Interest Coverage Ratio QoQ | 5.798 % | |
| Interest Coverage Ratio YoY | 50.269 % | |
| Interest Coverage Ratio IPRWA | high: 24.425 JBHT: 14.365 median: 9.917 mean: 9.004 low: -65.0 |
|
| Operating Cash Flow Ratio | 0.218 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 22.898 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 4.322 | |
| Dividend Payout Ratio | 0.231 | |
| Dividend Rate | $ 0.44 | |
| Dividend Yield | 0.002 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -2.226 % | |
| Revenue Growth | 1.432 % | |
| Revenue Growth QoQ | -66.377 % | |
| Revenue Growth YoY | -43.799 % | |
| Revenue Growth IPRWA | high: 18.902 % mean: 5.937 % median: 5.507 % JBHT: 1.432 % low: -7.198 % |
|
| Earnings Growth | 7.955 % | |
| Earnings Growth QoQ | -76.842 % | |
| Earnings Growth YoY | 196.276 % | |
| Earnings Growth IPRWA | high: 88.889 % mean: 15.059 % median: 8.17 % JBHT: 7.955 % low: -75.342 % |
|
| MARGINS | ||
| Gross Margin | 13.666 % | |
| Gross Margin QoQ | -24.854 % | |
| Gross Margin YoY | -18.925 % | |
| Gross Margin IPRWA | high: 30.222 % median: 20.769 % mean: 17.874 % JBHT: 13.666 % low: 5.091 % |
|
| EBIT Margin | 8.096 % | |
| EBIT Margin QoQ | 1.862 % | |
| EBIT Margin YoY | 18.832 % | |
| EBIT Margin IPRWA | high: 10.777 % JBHT: 8.096 % mean: 7.954 % median: 7.161 % low: -49.872 % |
|
| Return On Sales (ROS) | 7.959 % | |
| Return On Sales QoQ | 0.138 % | |
| Return On Sales YoY | 16.821 % | |
| Return On Sales IPRWA | high: 10.519 % mean: 8.06 % median: 8.056 % JBHT: 7.959 % low: -7.05 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 251.3 M | |
| Free Cash Flow Yield | 1.451 % | |
| Free Cash Flow Yield QoQ | -44.954 % | |
| Free Cash Flow Yield YoY | 176.908 % | |
| Free Cash Flow Yield IPRWA | high: 4.561 % mean: 2.211 % median: 1.962 % JBHT: 1.451 % low: -3.721 % |
|
| Free Cash Growth | -28.688 % | |
| Free Cash Growth QoQ | -131.92 % | |
| Free Cash Growth YoY | -32.93 % | |
| Free Cash Growth IPRWA | high: 585.318 % median: 13.451 % mean: 11.403 % JBHT: -28.688 % low: -504.706 % |
|
| Free Cash To Net Income | 1.388 | |
| Cash Flow Margin | 13.639 % | |
| Cash Flow To Earnings | 2.333 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.258 % | |
| Return On Assets QoQ | 8.038 % | |
| Return On Assets YoY | 20.813 % | |
| Return On Assets IPRWA | high: 4.15 % median: 2.479 % JBHT: 2.258 % mean: 1.904 % low: -5.819 % |
|
| Return On Capital Employed (ROCE) | 4.184 % | |
| Return On Equity (ROE) | 0.051 | |
| Return On Equity QoQ | 6.189 % | |
| Return On Equity YoY | 31.173 % | |
| Return On Equity IPRWA | high: 0.11 median: 0.074 mean: 0.068 JBHT: 0.051 low: -0.25 |
|
| DuPont ROE | 5.074 % | |
| Return On Invested Capital (ROIC) | 3.868 % | |
| Return On Invested Capital QoQ | 8.499 % | |
| Return On Invested Capital YoY | -89.907 % | |
| Return On Invested Capital IPRWA | high: 8.168 % median: 4.936 % mean: 3.923 % JBHT: 3.868 % low: -6.797 % |
|